Causes and consequence of delay in the construction project of Private Real Estate and Its effect on the project Implementation, the Case of Noah Real Estate

Abstract

The purpose of this study was to assess the causes and consequence of delay in construction projects of private real estate and its effect on project implementation in the case of Noah real estate, Figa site. It is not known how and to what extent the construction of the project houses is not completed all agreed project budget and time. This research used both primary and secondary data and also involved quantitative research design. In light of these objectives, the study employed descriptive statistics. The target population of the study selected a sample of 92 individuals from 120 populations, the researcher was distributed structured survey questionnaires to clients, consultants, contractors, and those who are working in Noah real estate, Figa site project. The questionnaire had a list of delay causing factors of which the respondents were asked to rank each according to the 5 point Likert scale. Based on the research findings the following result were identified. late payment and order changes, inadequate planning and wrong budget estimation, improper planning and schedule, Inadequate experience and skills of contractors, bureaucracy and policy changes, inflation of material prices, material shortages, utility unavailability, and others. In addition, the top major effects of delay in the construction of real estates were time overrun, cost overrun, dispute, litigation, total abandonment and arbitration. The correlation analysis result indicated that client, contractor, consultant related causes of delay have a positive relationship with effect of delay in construction project. The findings suggested that Noah real estate should improve owners prioritize timely payments to contractors and minimize changes in project order clients should invest in comprehensive project contractors, prioritize investing in professional development and training to enhance their skills and knowledge, engage experienced professionals for budget estimation, and ensure sufficient resources are allocated, consultants should focus on meticulous project planning, including realistic scheduling and efficient resource allocation, stakeholders should to conduct thorough risk assessments, develop contingency plans, and establish robust supply chain management systems.